PJT Partners vs XP
PJT Partners is the larger business, with $1.71bn of revenue in fiscal 2025 against $1.43bn for XP (1.2 times as much). PJT Partners grew faster (14.8% against 3.1%). XP kept more of each dollar of sales as profit: a net margin of 64.9% against 10.5%. PJT Partners carries less debt relative to equity (0.0% against 1.0%).
| Latest fiscal year | PJT PartnersPJT, 2025 | XPXP, 2025 |
|---|---|---|
| Revenue | $1.71bn | $1.43bn |
| Revenue growth | 14.8% | 3.1% |
| Net income | $180m | $926m |
| Operating margin | — | — |
| Net margin | 10.5% | 64.9% |
| Return on equity | 72.7% | 24.6% |
| Free cash flow | $480m | $2.12bn |
| Cash | $539m | $3.51bn |
| Total debt | $0 | $43.4m |
| Debt to equity | 0.0% | 1.0% |
| Dividend per share | — | — |
| Dividend yield | 0.6% | 1.2% |
| Share buybacks | $195m | — |
| Employees | — | — |
| Market value | $3.73bn | $7.50bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 8 sales | 0 buys, 1 sales |